Eli Samaha - Jun 24, 2022 Form 4 Insider Report for PFSWEB INC (PFSW)

Role: 10%+ Owner
Signature: Eli Samaha
Stock symbol: PFSW
Transactions as of: Jun 24, 2022
Transactions value $: $274,811
Form type: 4
Date filed: 6/28/2022, 04:15 PM
Previous filing: Jun 17, 2022
Next filing: Oct 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFSW	Common Stock	Purchase	$275K	+23.4K	+0.9%	$11.72	2.63M	Jun 24, 2022	See Footnotes	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.68 to $11.75, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.
F2	These shares are held by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial ownership of such securities.

Content

The purchase price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $11.68 to $11.75, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

These shares are held by Madison Avenue Partners, LP. The Reporting Person is the managing partner of Madison Avenue Partners, LP. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the pecuniary interest of the Reporting Person therein. The filing of this statement shall not be deemed an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the Reporting Person is the beneficial ownership of such securities.